Qorvo CFO Departs; Interim Appointed, CEO Compensation Changes
Ticker: QRVO · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1604778
Sentiment: neutral
Topics: executive-change, compensation
Related Tickers: QRVO
TL;DR
Qorvo's CFO is out, interim in, and CEO's pay is changing.
AI Summary
Qorvo, Inc. announced on January 3, 2025, the departure of its Chief Financial Officer, Bob Blair. The company has appointed Steven Gray as the interim CFO. Additionally, the company has entered into a new compensatory arrangement with its Chief Executive Officer, Robert Bruggeworth.
Why It Matters
Changes in key executive positions and compensation can signal shifts in company strategy or financial outlook, impacting investor confidence.
Risk Assessment
Risk Level: medium — Executive departures and changes in compensation can introduce uncertainty regarding leadership stability and future financial strategies.
Key Players & Entities
- Qorvo, Inc. (company) — Registrant
- Bob Blair (person) — Departing Chief Financial Officer
- Steven Gray (person) — Interim Chief Financial Officer
- Robert Bruggeworth (person) — Chief Executive Officer
FAQ
Who has been appointed as the interim Chief Financial Officer of Qorvo, Inc.?
Steven Gray has been appointed as the interim Chief Financial Officer of Qorvo, Inc.
When did the reported events for this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 3, 2025.
What is the primary reason for this 8-K filing?
This 8-K filing is primarily to report the departure of a director or certain officer, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
What was the former name of Qorvo, Inc.?
The former name of Qorvo, Inc. was Rocky Holding, Inc.
What is Qorvo, Inc.'s principal executive office address?
Qorvo, Inc.'s principal executive office is located at 7628 Thorndike Road, Greensboro, North Carolina 27409-9421.
Filing Stats: 468 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2025-01-10 16:03:56
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value QRVO The Nasdaq Stock Market
Filing Documents
- rfmd-20250103.htm (8-K) — 22KB
- rfmd-20250103_g1.jpg (GRAPHIC) — 20KB
- 0001604778-25-000004.txt ( ) — 223KB
- rfmd-20250103.xsd (EX-101.SCH) — 2KB
- rfmd-20250103_def.xml (EX-101.DEF) — 14KB
- rfmd-20250103_lab.xml (EX-101.LAB) — 25KB
- rfmd-20250103_pre.xml (EX-101.PRE) — 15KB
- rfmd-20250103_htm.xml (XML) — 3KB
From the Filing
rfmd-20250103 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 3, 2025 Qorvo, Inc. (Exact name of registrant as specified in its charter) Delaware 001-36801 46-5288992 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 7628 Thorndike Road , Greensboro , North Carolina 27409-9421 (Address of principal executive offices) (Zip Code) ( 336 ) 664-1233 Registrant's telephone number, including area code Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value QRVO The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 3, 2025, David H.Y. Ho, a member of the Board of Directors (the "Board") of Qorvo, Inc. (the "Company") informed the Company of his decision not to stand for reelection and to retire from the Board upon the expiration of his term at the Company's 2025 Annual Meeting of Stockholders. Mr. Ho has advised the Company that his decision to retire is to address other professional commitments and is not due to any disagreement with the Company on any matter relating to Company operations, policies or practices. The Board and Company management express their deep appreciation to Mr. Ho for his longstanding service and significant contributions. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Qorvo, Inc. By: /s/ Grant A. Brown Grant A. Brown Senior Vice President and Chief Financial Officer Date: January 10, 2025